Exxon's Profit Fell Short. Its Dividend Didn't.
ExxonMobil's dividend grew even stronger in the second quarter.
Overview
ExxonMobil (NYSE: XOM) recently reported its second-quarter earnings, which fell short of analysts' expectations. While the oil giant's adjusted earnings surged 67% to $14.7 billion, or $3.52 per share, analysts had anticipated $3.60 per share. That disappointment, along with lower oil prices, has weighed on the stock, pushing its dividend yield up to around 2.7%, more than double the S&P 500's level (1%).
However, while ExxonMobil's profits missed, its dividend certainly didn't. Here's why it remains a top dividend stock.
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Originally published at www.fool.com.
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